what is sub ledger.? how is it linked to gl?
Answers were Sorted based on User's Feedback
Answer / sridhar
sub ledger refers to AP,AR, Assets which don't need to be
showed lineitem wise in Financial statements and can be
simply consolidated to show a single line display. All the
sub ledgers can be linked to main ledger via recon account.
| Is This Answer Correct ? | 7 Yes | 0 No |
Answer / nag
All the sub ledgers can be linked to main ledger via recon account.Sub ledgers Refers to AR,AP Which don't need to showed lineitem wise in Financial statements and can be simply consolidated to show a single line display.
| Is This Answer Correct ? | 3 Yes | 0 No |
Answer / neelam garg
Sun Ledger is used for tracking individul terms &
Transactions separate to the general Ledger/ Reconcilation
A/c. Each sun Ledger links to the General Ledger by a
Control Account
Accounts Receivable( Gl A/c or Reconcilation A/c)
Customer A/c ( Sub-Ledger A/c)
| Is This Answer Correct ? | 1 Yes | 0 No |
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